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malabranche13 malabranche13
wrote...
Posts: 478
5 years ago

Question 1.

In perfect competition, price is equal to marginal revenue, while in monopoly, price is greater than marginal revenue.



▸ true

▸ false

Question 2.

A profit-maximizing monopolist always charges the highest price possible.



▸ true

▸ false
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
Read 84 times
1 Reply
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Answer verified by a subject expert
NashuaNashua
wrote...
Posts: 380
5 years ago
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malabranche13 Author
wrote...

5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
wrote...

Yesterday
Thanks for your help!!
wrote...

2 hours ago
This helped my grade so much Perfect
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